Credit plays a crucial role in real estate investment, greatly influencing the borrowing options that investors have at their disposal.
Hillsborough Park Home Price
With a median listing price of $81,000, Hillsborough Park is Canada’s 4927th most expensive when ordered by median listing price.
In Aug the median listed house price of $81,000 in Hillsborough Park was relatively low compared to the rest of Prince Edward Island.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
There are 218 neighbourhoods that have more properties on sale than Hillsborough Park at the moment in Prince Edward Island which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
Can we guarantee how well Hillsborough Park is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Hillsborough Park have stayed pretty much the same which would tend to indicate that demand is steady.
As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Hillsborough Park needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”
Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.
© 2023 Canadian Estate Wealth. All Rights Reserved by Merged Media